CRA Numbers Show Luxury Tax Destroys Jobs and Hurts Local Businesses
July 23, 2024
July 23, 2024
CHICAGO, Illinois, July 23 [Category: Business] -- The National Marine Manufacturers Association issued the following news release:
The recent revenue results released by the Canada Revenue Agency (CRA) since the luxury tax's September 2022 implementation confirm the marine industry's dire predictions of a significant market disruption. Despite strong opposition by the recreational marine industry, the luxury tax implemented an additional 10% tax on boats more than $250,000.
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The recent revenue results released by the Canada Revenue Agency (CRA) since the luxury tax's September 2022 implementation confirm the marine industry's dire predictions of a significant market disruption. Despite strong opposition by the recreational marine industry, the luxury tax implemented an additional 10% tax on boats more than $250,000.
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